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5 Key Questions to Ask Before Buying an Existing Business
Buying an existing business can be a great way to expand your holdings and increase your revenue. It can also be a money pit waiting to happen. Before moving forward with the acquisition of a business, you should ask yourself and the seller these five key questions in...
Distribution Damage: 5 Common Distribution Agreement Mistakes that Could Harm Your Business
Regardless of whether you are a supplier or a distributor, your business could benefit from a distribution agreement. A distribution agreement is a legally binding contract between a seller of goods and a distributor that outlines the details involved in the sale and...
Distribution Agreements 101
When manufacturers and suppliers need to sell their products or services to the public, they commonly use experts called distributors. As independent entities, distributors serve as a bridge between companies and their customers. Distributors can buy your products for...
What to Do and What NOT to Do in a Business Transaction
Bookkeeping and managing your company’s business transactions can simultaneously be the most dreaded and the most important task to your business’s financial health. Staying on top of the business’s transactions is equally important to small and large businesses...
3 Types of Contracts/Agreements Your Company Should Be Using
There may have been a time where a handshake and promise was good enough to trust that someone would keep their word, but modern businesses live and die by contracts. Unfortunately, you simply cannot trust that people will always do what they say they will do or what...
Contractually Assured Destruction: 4 Mistakes Every Business Must Avoid
Contracts are the backbone of every successful business. No matter the size of the company, every business owner must at least understand the basics and the necessity. Simply having a hand-shake contract or a contract written on a napkin is rarely ever going to be...
Is Your Contract Enforceable?
Any type of business agreement should involve a contract. But, when contracts are not properly written and disputes arise, those contracts may not hold up in court. It is best to have a business attorney draft all contracts, whether they are agreements or for...
Shareholder and Contract Disputes
When it comes to running a business, forming partnerships is inevitable. Not only is it an important aspect of securing your company's stability, but it provides you with financial help that you may need to keep your business up and running. Although you may form...
4 Common Causes of Shareholder Disputes
A shareholder agreement can come in handy when there are two or more shareholders in a corporation. It can cover buy-sell rights for shares, restrictions on transferring shares, voting rights, and a shareholder's salary and employment duties. The more comprehensive...
Breaking the Tie: Understanding Deadlock Provisions in Shareholder Agreements
If you're in the process of drafting a shareholder agreement for your company, you've made a wise choice. The contract will be instrumental in outlining the rights and responsibilities of each shareholder and director, as well as the running of your company. A...
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